$65,000
SOLD DEC 17, 2018

227 N Broad St Adrian, MI 49221

6 Beds
3 Baths
3,212 Sq Ft
0.27 Acres

Recently Sold

$20 Per Sq Ft

32% Below List Price

225 Days on Market

Highlights

  • Victorian Architecture
  • Living Room
  • Family Room
  • Porch
  • Forced Air Heating and Cooling System
  • 4-minute walk to Adrian Parks & Recreation

About This Home

As of April 2020

Great income property opportunity with renters in place. With some work could be a beautiful residential property with lots of beautiful wood work in the home. Zoned Commercial.

Last Agent to Sell the Property

Jameson Reed

Xsell Realty License #MISPE-6501383791 Listed on: 04/24/2018

Last Buyer's Agent

Steven Chase

Foundation Realty, LLC License #LCAR-6501415760

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1890

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 65x181

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Original Of Adrian City Subdivision

Listing and Financial Details

  • Assessor Parcel Number XA0-000-0117-00

Home Details

Home Type

Single Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Architecture Style: Victorian
  • Structure Style: 2 Story
  • Total Tax Amount: 3574.08
  • Total Tax Year: 2017
  • Year Built: 1890
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement: Full
  • Bedrooms: 6
  • Bedroom 1: On Upper Floor, Dimensions: 15 x 12
  • Bedroom 2: On Upper Floor, Dimensions: 13 x 13
  • Bedroom 3: On Upper Floor, Dimensions: 15 x 14
  • Bedroom 4: On Upper Floor, Dimensions: 15 x 14
  • Bedroom 5: On Upper Floor, Dimensions: 13 x 13
  • Bedroom 6: On Upper Floor, Dimensions: 13 x 13
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Room Types: Family Room, Living Room
  • Dining Room: On Main Floor, Dimensions: 17 x 13
  • Family Room: On Main Floor, Dimensions: 14 x 17
  • Kitchen: On Main Floor, Dimensions: 16 x 11
  • Living Room: On Main Floor, Dimensions: 16 x 16
  • Below Grade Sq Ft: 1638
  • Above Grade Finished Sq Ft: 3212
  • Total Finished Sq Ft: 3212

Exterior Features

  • Exterior: Wood
  • Exterior Features: Porch
  • Foundation: Basement
  • Frontage: 65
  • Road: Paved Street, City/County

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas
  • Cooling: Central A/C

Lot Info

  • Assessor Parcel Number: XA0-000-0117-00
  • Zoning: Commercial
  • Lot Dimensions: 65x181
  • Acreage: 0.27
  • Geo Subdivision: MI
  • Site/Lot Features: Main Street

Tax Info

  • Summer Tax: Year: 2017, Amount: $2,609.75
  • Winter Tax: Year: 2017, Amount: $964.33
  • Taxable Value: 55964
  • Total Tax: Year: 2017, Amount: $3,574.08
  • SEV Year: 2018

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2019
Closed on
Apr 3, 2020
Sold by
Trotman Gail and Farnum Jo
Bought by
Cox Randall W
Seller's Agent
Steven Chase
Foundation Realty, LLC
Buyer's Agent
Carl Poling
Howard Hanna Real Estate Services-Tecumseh
List Price
$109,900
Sold Price
$85,000
Premium/Discount to List
-$24,900
-22.66%
Current Estimated Value
$202,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,913
Avg. Annual Appreciation
16.71%

Purchase Details

Listed on
Apr 24, 2018
Closed on
Dec 17, 2018
Sold by
Knisel Frederic C
Bought by
Knisel Gloris S
Seller's Agent
Jameson Reed
Xsell Realty
Buyer's Agent
Steven Chase
Foundation Realty, LLC
List Price
$95,000
Sold Price
$65,000
Premium/Discount to List
-$30,000
-31.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.92%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $85,000 Misc Company
Warranty Deed $65,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2020 04/03/20 Sold $85,000 -14.9% $26 / Sq Ft
11/15/2019 11/15/19 Price Changed $99,900 -9.1% $31 / Sq Ft
11/01/2019 11/01/19 For Sale $109,900 +69.1% $34 / Sq Ft
12/17/2018 12/17/18 Sold $65,000 -13.2% $20 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
10/31/2018 10/31/18 Price Changed $74,900 -16.7% $23 / Sq Ft
06/20/2018 06/20/18 Price Changed $89,900 -5.4% $28 / Sq Ft
04/24/2018 04/24/18 For Sale $95,000 -- $30 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,716 $97,700 $0 $0
2024 $3,168 $88,700 $0 $0
2023 $3,587 $81,700 $0 $0
2022 $3,216 $75,200 $0 $0
2021 $3,156 $69,600 $0 $0
2020 $2,759 $65,900 $0 $0
2019 $2,242 $59,100 $0 $0
2018 $3,678 $89,231 $0 $0
2017 $3,574 $75,036 $0 $0
2016 $3,545 $57,778 $0 $0
2014 -- $56,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31345417

Michigan Multiple Listing Service

APN: XA0-000-0117-00